Oddbean new post about login | logout You need to be bull maxxing. Kashkari says bitcoin is worthless? "Shut up, suit. Bitcoin is replacing the dollar." Wait for the election. "There's only 21M bitcoin and 8B people. The election is a distraction." What's your price target? "$50M per bitcoin, conservatively."
Very conservative. It all depends on how they will print. How many cycles will they continue printing. Infinite.. forever Lora.
My job offered an IRA and when I talked to the financial advisor he was appaled that I was 99.9% in bitcoin. And when he told me I couldn't roll it into a bitcoin IRA I told him I was out. 🫡 https://image.nostr.build/210384befdd648bfd60b1bd474242aa5d3cc7b3770d8972029f32217b57f81df.jpg
I opted out of my company 401k to stack Sats. My HR girl didn’t understand.
Same here. Fuck the employer match, if I can't choose where the money goes, let alone that it's in the custody of TradFi bros
Yeah I've received scoffs from so-called "financial advisors" suggesting that I'm being careless with my future. M.F, if I DON'T do this I won't be ABLE to retire! Some people can't see the forest for the trees.
Its like they choose not to see the charts or read the material to understand it. Because it displaced them. Willful ignorance.
Cant wait for all these so-called financial advisors to fade into irrelevance. Anyone that works in this field but can not see the value of Bitcoin is blind.
Most are poor lemmings. I only accept advice on finances from people wealthier than I. Same as you wouldn’t accept running advice from someone slower than you.
Looks like you were the “advisor” in this case haha
💯. When an IRA or 401k won’t even allow the ETFs or MSTR I get so annoyed.
Haha! Nice.
I had a simmilar experience with a pension I want to roll over, but the rules don't allow ETF's. The financial advisor said I should use an aggressive fund that yields 12% and that's a good thing because bitcoin is down 15% or whatever. I didn't even mention bitcoin. but I have bitcoin art on my wall. 🤣 I told him how much it was when I started stacking and he abruptly ended the video chat.🤣 It made me realize that a well diversified trad-fi investment is really just matching the increase in monetary Inflation. The entire "system" is about preserving present day spending power over the long term. In that system, 12% keeps you from sinking with the Titanic, but it's no way to build generational wealth. Bitcoin is a new system, a p2p electronic cash system that makes no sense in the old system. That's why it's so difficult to orange pill people in the old system. That's my two sats anyway.
You got me doing this seven years ago. The only difference is now people don’t think I’m quite as crazy as before.
Bitcoin has no ceiling because fiat has no floor
I bull-maxxed the last bear. At 18k, took the maximum 401k loans I could to stack sats. At 24k, quit my job so I could liquidate my retirement accounts for bitcoin. Class of 2021, #OnZero since 2022. I discovered what Bitcoin was, and have been pedal to the metal ever since. https://image.nostr.build/c32664b1aaf5073ca087dab22750f608229c7ceeab1b21af687909a9407300f2.jpg
When I’m paying a couple sats for a coffee, I will feel like Bitcoin has become mainstream.
